Global #wind installations dropped 20% last year, but what lies ahead for the industry? - #renewabl…

Navigant Research has released its annual BTM World Market Update report covering the wind power industry. The study reveals a 20% global drop in new wind capacity in 2013, a shakeup in the top 10 turbine makers, technology trends, and operations and maintenance (O&M) highlights. In addition, the research firm forecasts what lies ahead for the wind power sector. Installation winning streak falters in 2013 According to the report, the global wind industry added 36,134 MW in 2013, the first time in eight years that the sector has installed less in a given year than the year before. The size of the annual market declined 20% year-on-year in 2013, compared to market growth of 18.6% in 2012. The decline reduced the annual growth rate for the past five years to 5.1% from 17.8% in the five years ending in 2012. Navigant says the market decline was not unexpected. Negative conditi...